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What is an example of blockchain?

An example could be use of blockchain by banks for varied purposes like ensuring compliance, and tracking transactions. Another example of the use of blockchain could be in the Real Estate sector which instills trust among the buyers of properties. You can read about the National Strategy on Blockchain in the given link.

Further readings:

  1. 5G RSTV   –  In Depth, Discussion on 5G revolution in India for UPSC
  2. Cryptocurrency: Definition, Advantages & Disadvantages 
Related Links
Cashless Economy in India – UPSC GS-III Notes IRNSS – NAVIC [Science & Tech for UPSC]
Artificial Intelligence [UPSC Notes GS III] Nanotechnology – A Brief Overview
Science & Technology Questions in UPSC Mains GS-3 Science & Technology Notes For UPSC – General Science Notes For IAS Preparation

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